There were 1,825 residential unit sales in the Greater Edmonton Area (GEA) real estate market during February 2025, a 14.3% monthly increase from January 2025 and a 7.1% decrease from February 2024. New residential listings amounted to 2,723, up 13.2% from January 2025 and down 0.4% from the previous year. Overall inventory in the GEA increased 11.4% month-over-month, though levels remain lower year-over-year, decreasing 13.4% from February 2024.
The total number of Detached units sold was 1,015, an increase of 18.6% over the previous month and 12.3% lower than the previous year. Semi-detached sales increased 7.5% month-over-month and 11.4% higher year-over-year, moving 215 units last month. Row/Townhouse unit sales increased 23.4% compared to January 2025 and recorded 3.9% more sales than February 2024. Apartment Condominium unit sales were down 9.2% from the previous year and 0.3% from the previous month.
Total residential average prices came in at $449,554, increasing 2.6% from the previous month and reflecting an overall growth of 10.5% compared to February 2024. Detached home prices averaged $567,913, an increase of 1.2% from January 2025 and 11.9% higher than the previous year. Semi-detached units sold for an average of $420,786, a decrease of 0.1% from the last month and showing an increase of 8.9% year-over-year. Row/townhouse prices were down 3.5% from January 2025 but measured 9.1% higher than last year, with an average selling price of $300,818. Apartment Condominium average prices rose 7.3% from January 2025 to $217,373 and ended the month 19.9% higher than the previous year.
The MLS® Home Price Index (HPI) composite benchmark price* in the GEA was $428,800, increasing 2.3% from January 2025 and up 12.3% from February 2024.
Detached homes averaged 39 days on the market, a significant 12-day decrease from January 2025. Semi-detached homes decreased by 11 days, with properties averaging 26 days on the market. Row/townhouses decreased nine days to 28, while Apartment Condominiums averaged 48 days on market, reflecting a nine-day decrease as well. Overall, all residential listings averaged 37 days on the market, equating to an 11-day month-over-month decrease and a 13-day decrease compared to February 2024.
5-Star Experiences
Sherry Coutu
Craig was fantastic to work with. He also responded quickly, listened to our needs/wants, and arranged a great selection of properties to look at that met our requirements. We would definitely recommend Craig to anyone looking for a realtor and we would work with him again.
Hannah K
Great working with Craig again: his expertise and experience quickly wrapped up a sale for us: approx 4 days from approaching him to getting our first offer slightly above list!
Ben Trudeau
Dealing with Craig to sell our house has been the best decision ever! From all the marketing perks that he included (including a 3D walk-through of our house) to a very accurate pricing positioning, we ended up selling at a full listing price within 4 days with multiple offers at the finish line! Great performance and worth every penny for such an excellent service!
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Craig Sells More Homes
I have been helping clients buy and sell houses for over a decade. I was born and raised in Sherwood Park and I love it here. It is a privilige to be able to help people across the region achieve their real estate goals.
I am an award-winning REALTOR® and I rely on technology, industry knowledge and years of experience to produce the best outcomes for my clients. My business is based on referrals, which means every client is extremely important to me. I will go the extra mile to get the deal done.